Show LOFTY TARIFf T F WORKS INJURY TO V NE NAT NATION ON Protective Duties Prove edged 4 Two edged Sword in Slovakia Slovakia Czecho-Slovakia I I II URGE FREER TRADE Economist Says Barriers Hold Back Europe's Prosperity By WILLIA I PHILIP SHIMS SIL sr NE fon Service SerIce Ice Staff Writer riter PRAGUE Mn Ma This 4 This country found a 0 bl high hish h tariff a two two- two edged edged s sword sord ord Dr Jo et Macek Ma- Ma MaB Ia- Ia cek o 0 of rw V Vat a political at t the economy tano fano is 18 B 9 University 0 or 1 Prague and one ono f of ot the best 1 known 11 economists t in n told nie me methis 4 this Czecho Czecho I he be explained had L been forced to In- In increase In Increase t crease her hadI I 1 to prevent re-ent re Get 4 many dumping an a of c I cheap goods on I her But in bli SI I opinion the protection pro pro- was nas 0 oer- oer over overdone pro pro-I er- er done dono A tariff wall wail had bad been bum built about the tho countr country similar to that about America and the people are beginning to feel the d- d et I feet In higher costs coats of ot Ih living liing Ing and andIn Th n other ways Dr Macek Is la still 8 a vel y vei-y oung man maji In Ms thirties earne to j the point of ot appearing intense DUD Mn-DUD I I know nothing whatever er about high politics In Europe he lie told me Ins but but I ha have base 0 studied the econ econ- economIcs ceon- ceon economics of ot It pretty thoroughly Th The result of ot that study le leads ds me mo to the tho one conclusion that Europe Ill never neer prosper as she Sho should and could until sho she can have freer I trade I I I not sa say free tree tride tr ron I thero are aro ys Inequalities In Inthe inI inthe Inthe I the cost of ot production labor and InI I Iso Iso so on which must be equalized by I means of or an Import ta tax ta-K nut But v ve e tor for example have hate bUilt 4 tariff wall about ourselves which I Is Eliding Industry and killing I trade X must maintain ma te like I a n trade trado balanco balance and andI I I this they can not do unless thy thyI th ylare I are aro able both to bu bui from and sell Mil I Ito to the sam same country This virtual I ro or of commodities keeps heeps tho change to to trade stable and anti gi gies gives es Impetus thoI I Slovakia cant can't Import normally because of o 0 the high ta tag tagon on Imports This has brought I about an Increase In the price ot of our o own on II products and of ot course in II in Increase In the liin and In wages But nut tho wage age age In- In increases In Increases creases creMes hat hae e not helped the work work- working working ing Int man because It if he makes more moreho hi bt alio must mut pay poy more t I r OY T rn RI And And we e e are arp not I other nations 13 to tar far r a as they can are turning their orders cr I n ner er to nations which do bU buy from I j h This lessens 1 production rod In i I akia and this In turn mesas ment We e ape ac not badly oft off now be- be because because be because cause Europe 1 Is h In a rather topsy state Competition Is not et at ot Its peak peal When ton hits us with Ith full force torce we e e Ill hat liae e to reduce our tariff to tha tho thaS 1 1 10 lowest loet point commensurate Ith aith S equalizing production costs costa ages and BO so on or Me ae e will suffer sutter You You In America will III no doubt ha e to face tace the same problem |